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Craig L. Hayward: Six Customer Complaints

By April 27, 2017 No Comments

Craig Lansing Hayward has spent 23 years in securities industry, registered with two different brokerage firms. He is currently a securities broker with Mid Atlantic Capital Corporation and has been since May of 2004. Before that, Craig L. Hayward was employed with London Pacific Securities, Inc. from 1994 to 2004. The law firm of Oakes & Fosher represents investors seeking to recover losses due to stockbroker misconduct.

Oakes & Fosher handles securities cases on a nationwide basis, and there are no attorney’s fees unless we collect for you.

Publicly available records reflect, during this time period, Craig L. Hayward has been the subject of six customer complaints. His first three complaints were all brought forward in January of 2000. While the customers all pursued different amounts, the alleged charges against Mr. Hayward were the same. His former customers alleged that Hayward misrepresented material facts, omitted material facts, and committed investment fraud with great malice and forethought. The three cases were settled for an amount just shy of $100,000.

His fourth customer complaint came much later in October 2014. This case was filed against Mid-Atlantic Capital Corporation for the actions of Craig L. Hayward. The former customers alleged that Mr. Hayward made unsuitable investment recommendations and failed to perform necessary due diligence related to the investment. The customer also alleged that MACC failed to supervise their employee. This case was settled for around $160,000.

His fifth customer complaint was brought forward in February of 2015. Mr. Hayward is not named as a respondent in the claim but is listed as the broker dealer and as the customer’s broker representative. The customers alleged that Mr. Hayward breached his fiduciary duty, neglected the customer’s securities, omitted and misrepresented material facts, breached contract, violated both the Colorado Securities Act and committed common law fraud. This case went to trial and the claimant’s were awarded almost $1,000,000 in damages–over three times what they were requesting.

His sixth and final customer complaint was brought forward in April 2016. The former customers believed that Craig L. Hayward committed fraud, breached his fiduciary duty, and neglected the customer’s securities. This case was settled for $250,000.

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Oakes & Fosher wants to help those hurt by Craig L. Hayward. If you or someone you know has been taken advantage of while investing with Craig L. Hayward, please contact us immediately for a free and private consultation. Oakes & Fosher dedicates its entire legal practice to representing investors across the nation. For more information on Oakes & Fosher please see the link below.